Find the compound interest on rs 31250 for 9 month, at 16% per annum compounded quarterly
Answers
Answered by
8
16% p.a is 4% per quarter
therefore
compund interest is 31250[(1.04)³-1] i.e 3902
therefore
compund interest is 31250[(1.04)³-1] i.e 3902
Answered by
0
Answer:
p=31250
r=16%
n=9months
A=?
Similar questions